London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That’s more like it
It does make you wonder where the MM's are going to find the shares to balance their books. 6.5m buys versus 2.6m sells today so far, with a similar pattern on NEX.
Mike Joseph put circa £1m into the company at 0.50p last September and holds 25.8% of the company. With the positive news coming out of the company and Andrew Monk -VSA Capital who is a directors of AAAP and facilitating the RTO, I foresee a great demand for the shares as people gain a better understanding of the potential.
AAAP is Main Market listed and should attract a much wider shareholder base, IMHO.
got to be honest, I am very surprised this isn't on more peoples radars
I am uber excited about the future here, I could top up but have to be careful I don't trigger my own takeover!!!
Hi Mike, good to see you are watching proceedings here and still very positive about the potential growth following the RTO.
I'm not posting but still holding my just under 1%, very exciting prospects here! Cannot wait for the RTO to take place, then we can relax and see our new business seriously grow imo.
OPT up 40% or so but MCAP is still a ridiculous £2M !!!
Stocks focused on developing Africa are not fashionable
Full ask now being paid......
Well we were certainly overdue a good day after all the recent tumbleweed. Let’s remember also that Comarco must be just as excited to be doing the deal with AAA as we are with them.
Theres a very quick summary here for any new investors but please DYOR
AAAP will acquire Comarco, a much bigger company (which is mainly a shipping and logistics business) with their own private port in Kenya, through a reverse takeover LSE main listed. They have lots of opportunities to quickly expand including contracts from the mining industry, the nearby offshore oil and gas industry and getting a slice of a $20 billion investment in a new gas terminal from Anadarko.
Very promising and shares tightly held by long term holders so once it starts moving, it will rise quickly.
Massive opportunity. Worth doing some research.
I expect this share will have popped up on new pi’s radar yesterday as a significant riser. Thanks bloodshot for your high level summary, I have a couple of questions if I may?
(I) Comarco - if in such a fantastic position why did it allow the reverse take over from a smaller company ? Why did Comarco not simply exploit all of the fantastic opportunities that having its own private port in Kenya and access to contracts in the mining and offshore oil and gas industries you mention ?
(II) financially this company has very little to attract me to buy in - couldn’t this be another company funding its infrastructure development through multiple placements and dilutions ? What makes you think this is a good prospect for capital returns ? When is the company expecting to turn an actual profit and pay a dividend?
Cheers .....
Zante, I think it would be advisable to read the RNS's from the company to gain a clear picture, but to answer a couple of your points.
Comarco is a private company and needs access to funds to capitalise on the increasing demand for their services for the five companies that make up the businesses in the Kenya/Mozambique region.
AAAP is a Main Market listed company and the RTO by the newly named company Agulhas Group Africa will give Comarco much greater access to the capital markets. I believe the cost of achieving a Main Market listing can run into millions of pounds, so there is a win win for both companies.
The new company will comprise of seven different trading companies with a current turnover of circa £10m, although I expect this will increase rapidly given the opportunities that are currently available.
The current two businesses in the AAAP stable are currently profitable and the half year report, due this month, should confirm continued growth.
I believe many people are confusing the share transfer price as a valuation for the Comarco business, but in my view this is wrong. At 0.50p this values the Comarco business at a circa 20% discount to their net assets, which IMHO is well below the valuation of a successful port and logistics business.
Wow. Cannot believe people selling out on a loss.
I think some PI's have agenda's with some of the stuff they come out with, either that or they shouldn't be any where near shares. As I've said before we need the RTO before anything exciting happens with the SP, only my opinion though.
Zante the liquid petroleum gas facility being built next to the port should be financially rewarding for the company I think some people have forgotten about that is being built